Trade Idea : GBP/USD - Sell at 1.5460

Cable's retreat after yesterday's brief rise to 1.5510 signals top has been formed there and consolidation with downside bias is seen for at least a correction of recent rise, hence weakness to 1.5350-55 (50% Fibonacci retracement of 1.5201-1.5510) is likely, however, reckon 1.5315-20 (61.8% Fibonacci retracement) would hold on first

Useful Searches

Disclaimer - Forex, futures, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the information contained on this site will generate profits or ensure freedom from losses.